This is a presentation on Bootstrapping that addresses some of the key issues that are either poorly understood or not understood at all.

1. Sramana Mitra Bootstrapping, Weapon Of Mass Reconstruction

3. 30 m people unemployed US deeply in debt – through 2019, avg. deficit $1 Trillion+ a year Credit crunch Venture capital industry imploding Obama more interested in healthcare reform than job creation Jobless recovery on the wings of speculation Where we are

4. “I am not a pessimist” - NourielRoubini (Dr. Doom)

5. We need 3 million entrepreneurs To create 30 million jobs

6. Why? Small portion of business ideas qualify for VCs

7. TAM = Total Available Market VC = Large TAM VCs only fund very large market opportunities

8. Worth Building, though Especially if you own 100% Many more $1m, $5m, $10m, $20m ideas than $500m ones

9. 90% owner of $5m company sold for $25m Which entrepreneur makes more $$$? 5% owner of $25m company sold for $100m $22.5m $5m

10. Weapon Of Mass Reconstruction Hence, Bootstrapping

12. Visa for immigrant entrepreneurs Policy

13. Yes you can. Myth: You cannot build a large company by bootstrapping

14. Finisar: Bootstrapping To Billions [EJ1] - $5b market cap in 2001 RightNow: The Montana Mogul [EJ2] - $500m market cap in 2009 SuccessFactors: Silicon Lazarus [EJ2] - $875m market cap in 2009 Stories

15. On the contrary. Bootstrap the early stage. Raise money later. Preserve more equity. Myth: Bootstrapping & Venture Capital are mutually exclusive

16. Don’t build anything until you have validated your concept. Myth: Need to build a prototype to start selling.

17. Avoid very large funds. Bootstrap first. Mentor Capital, not Venture Capital

18. Bootstrap a venture. If you have been laid off, create your own job.

19. Book raffle Q&A

20. All Books on Amazon Entrepreneur Journeys (Volume One) Bootstrapping, Weapon of Mass Reconstruction (EJ2) Positioning, How To Test, Validate, And Bring Your Idea To Market (EJ3) Also, free online strategy roundtables for entrepreneurs Next: Jan 14, 21, 28 Resources

21. www.sramanamitra.com